March 2021 Retirement Board Meeting
Pursuant to Governor Baker’s March 12, 2020 Order Suspending Certain Provisions of the Open Meeting Law, G.L. c. 30A, §18, and the Governor’s March 15, 2020 Order imposing strict limitations on the number of people that may gather in one place, this meeting of the Plymouth Retirement Board is being conducted via remote participation. No in-person attendance of members of the public will be permitted, but every effort will be made to ensure that the public can adequately access the proceedings as provided for in the Order.
Any member of the public that wishes to join the Plymouth Retirement Board Meeting remotely may call the Retirement Office at (508) 830-4170 or send an email to:
Section I: Regular Business:
Minutes:
Minutes of December 18, 2020 Regular Meeting
Minutes of December 18, 2020 Executive Session
Minutes of January 29, 2021 Regular Session
Minutes of January 29, 2021 COLA Vote
Minutes of January 29, 2021 Executive Session
Warrants:
Warrant #1 Dated January 31, 2021 $ 3,362,294.62 Final
Warrant #2 Dated February 28, 2021 $ 2,419,549.54 Partial
Warrant #3 Dated March 31, 2021 $ 1,214, 530.22 Partial
Warrant #4 Dated April 30, 2021 $ 6,365.40 Partial
Trial Balance as of January 31, 2021 $ 214,200,125.07
January 2021 Accounting Reports Presented to Board for Review:
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Rockland Trust Statements: Money Market & Checking Acct
Treasurer’s Reconciliation – Money Market & Checking Acct
Public Comment:
New/Old Business:
PERAC Memos:
Memo #11/2021: Benefit Calculation Submissions Via PROSPER
Memo #12/2021: Tobacco Company List
2020 PERAC Annual Statement:
2020 PERAC Annual Statement for Board review and vote.
2021 Annual Vendor Disclosures submitted to PERAC:
Acadian
Aristotle
Barings
Berman Tobacco
Boston Partners
Boston Trust
Columbia Threadneedle
DiMeo Schneider
Invesco
People’s United Bank
Rhumbline Advisors
Robbins, Geller, Rudman & Dowd
Scott & Scott Attorneys at Law
Wellington Management
Westfield Capital
Investments:
Anthony Tranghese from DiMeo Schneider & Associates, L.L.C will review the February Flash Report, allocation and performance.
Manager Interviews:
BlackRock
Brandywine
Section II: Membership:
Option D Survivor Benefits:
Joseph McKenna, widow of Nicole McKenna, School Department Student Services Secretary, deceased February 24, 2021, has applied for Option D benefits, $6,000/year.
New Hires:
Town:
Gardner, Ashley, Group 1, Dispatcher
Perm. Full-time: $831.16 weekly
Start Date: March 22, 2021
Scalia, Jessica, Group 1, Administrative Secretary-Collector/Treasurer
Perm. Full-time: $798.28 weekly
Start Date: March 24, 2021
Washburn, Nimue, Group 1, Dispatcher
Perm. Full-time: $831.16 weekly
Start Date: March 15, 2021
School:
Meehan, Paul, Group 1, Custodian
Perm. Full-time: $1,685.60 bi-weekly
Start Date: March 15, 2021
Refunds:
Town:
Back, Derek, Group 4, Police Officer
Six (6) Years, Eight (8) Months Creditable Service (1/31/2013-10/7/2019)
Total Refund Including FWT: $22,961.08
Rollovers:
Town:
Back, Derek, Group 4, Police Officer
Six (6) Years, Eight (8) Months Creditable Service (1/31/2013-10/7/2019)
Total Rollover Amount: $34,441.60
Transfers:
PHA:
Lawson, Todd, Group 1, Maintenance Supervisor
Five (5) Years, Seven (7) Months Creditable Service (12/3/2012-11/27/2020)
Total Transfer to Massachusetts Housing Finance Agency: $58,795.38
Buybacks:
School:
Shain, Karen, Group 1, Facilities Secretary, has requested to purchase three (3) years, six (6) months of prior service with the School Department from January 6, 2014 through November 15, 2020. Total Buyback Amount: $5,886.70.
Retirements:
Town:
McAuliffe, Albert, P., Group 1, Director of Inspectional Services
Twenty-three (23) Years, Seven (7) Months of Creditable Service
Superannuation Retirement: opt c
Retirement Date: April 16, 2021
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation.
Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into executive session to vote a Regional Medical Panel for the Accidental Disability Application of Sandra Patrician.